Forecast: Import of Rosin and Resin Acids to the US

In 2023, the import value of rosin and resin acids to the US stood at $55.647 million. Over the forecast period of 2024 to 2028, a downward trend is observed. Year-on-year percentage changes indicate a steady decrease: 2024 sees a contraction to $54.827 million, a nearly 1.5% reduction from 2023. By 2025, imports decline further, dropping approximately 1.5% per annum on average, culminating in a compounded annual growth rate (CAGR) of about -1.8% over the five-year period.

Future trends to watch for:

  • Potential fluctuations in the import market due to economic conditions or policy changes.

  • Shifts in demand from industries utilizing these materials and their impact on import volumes.

  • Emergence of substitute products that may alter market dynamics significantly.

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